Going into the festive season, real estate markets seem to favor sellers more this year as more city buyers continue to flock to Southwest Florida. Despite the pandemic's subsequent ravaging waves, this local housing market records highs of up to 75 daily new buyers. Since house hunting is no longer following conventional real estate rules, it's safe to assume that the Southwest Florida market won't be...
The Naples real estate saw a 35.2% rise in total closed sales from 812 in August 2019 to 1,098 closed sales in August 2020. The Naples Area Board of Realtors (NABOR) August housing report highlights that this consistent momentum in closed sales results from Naples' growing home-buying activities throughout summer this year. Broker analysts attribute this steady momentum to the rising closed rates,...
The 2020 Naples real estate market has defied many odds. Many expected a total collapse at the start of the pandemic, but this hasn't been the case. It would be logical if the market suffered a historic inventory shortage or even a total shutdown. However, apart from market slowdowns, the housing market is surprisingly robust and thriving. Something we are all hoping to last into the coming year. Real...
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As the world grapples with subsequent waves of the coronavirus, its impacts continue to be felt at the fabric-level of both economic and social structures worldwide. Social distancing is the new normal that is largely reshaping both national and local real estate markets today. This article is designed to help you make the right home investment decision by providing you with a careful analysisof the...
If you’re looking to buy or sell a home in Naples, we’re here to help.Below are our answers to some of the frequently asked questions about the local real estate market: How does the current sales period look like in Naples? Due to the pandemic, it now takes an average of about 123 days for homes to sell in Naples.Most average homes are now selling 5% below the asking price and take about 83...
Since most of us have been practicing self-isolation for several weeks now, we’ve hit a point where people are starting to feel stir crazy, lonely, and generally confused about what to do next. That’s understandable considering the COVID-19 outbreak is such an unprecedented situation. For those who are renting an apartment, you may have other concerns too, like what to do if you’ve lost your job and...
They say that in southwest Florida, the leaves don't change color in the fall—the license plates do. That's when our seasonal residents arrive to trade the freezing temperatures and snow up north for sunny skies and sandy beaches. We don't attract the same crowds that show up in other parts of the state, but life does change during the winter. If you're new to the area, you may have heard people talking...
